The CPAB’s 2015 inspections focused on audits of smaller companies
New report includes a guide for audit firm transparency reporting
Firms agree to pay US$500,000 each
Firms violated independence rules in their work for brokerage firms
Report indicates positive trend in audit quality, identifies areas for improvement
Accounting regulator expresses concern over the nature and number of continuing issues
Changes aim to more readily flag possible concerns about the quality of audit work
Auditor of defunct Poseidon Concepts facing proposed actions in three provinces
While the shortcomings are not considered significant, the GAO says they still require attention
International and domestic initiatives provide best practices and should be implemented